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Financial constraints are expected to be severe in Vietnam, especially for private firms, but there is limited quantitative evidence for the size of financial constraints experienced by SOEs and private firms and the resulting efficiency losses. This paper investigates the size of the capital...
Persistent link: https://www.econbiz.de/10012931151
The current paper analyzes the impacts of privatization of Sudan air carrier, Sudan Airways. The hypothetical framework … in this study is that alternative policies other than privatization are feasible. Sudan airways represents the …. Experience shows that privatization needs large amount of capital plus qualified managerial, technical, financial and marketing …
Persistent link: https://www.econbiz.de/10013130174
government privatization programs (from 2011 – for three-year period, and prior to 2011 – for one-year period). In the current … Forecast Plan (Program) of Federal Property Privatization and the Main Directions of Federal Property Privatization for 2017 …
Persistent link: https://www.econbiz.de/10012863466
In this paper we examine the link between state ownership and the choice of public debt versus bank debt in an international context. Using a large sample of privatized firms from 62 countries over the 2001-2014 period, we find that state ownership is significantly positively associated with the...
Persistent link: https://www.econbiz.de/10012934343
. Applying propensity score matching, we find that privatized banks tend to exhibit higher levels of risk-taking post-privatization …
Persistent link: https://www.econbiz.de/10012850119
This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector … provide guidance to policymakers regarding bank privatization …
Persistent link: https://www.econbiz.de/10013318096
investigates the role of hybrid debt in the privatization of state‑owned enterprises (SOEs) via government‑controlled investment … in Europe and Asia. Moreover, in some cases, the privatization of SOEs by means of exchangeables can prove to be a more … shareholders. Third, the entire privatization process tends to be more flexible for issuers in that they can perceive exchangeables …
Persistent link: https://www.econbiz.de/10014339792
privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
Persistent link: https://www.econbiz.de/10012212672
Should projects funded with taxpayer money be discounted at a lower rate than privately funded projects? I analyze the discount rate applied to long-term cash flows in public (in-house) versus private (contracting out) provision of public goods subject to regulatory burdens. I develop a model...
Persistent link: https://www.econbiz.de/10012953839
This paper analyzes some of the limitations of the privatization of public enterprises in Bangladesh focusing on the … large number of privatized firms have been able to evade tax registration. The post-privatization experience of Bangladesh … which privatized firms' budget constraints are often softened in spite of privatization …
Persistent link: https://www.econbiz.de/10012894371